Economic Freedom Means More Than Austerity

In Europe, Reducing Spending Necessary, But Not Sufficient, To Restore Economic Freedom, Heritage Foundation Foundry, January 17, 2012. "If the 2012 edition of Heritage’s Index of Economic Freedom has bad news for the United States, the news for Europe is not much better. The 43 nations of the European region did manage to lose less economic freedom than did the United States, but a decline is still a decline. And the European decline was broad-based: Only nine countries made gains, and every one of the top 10 declined—in some cases, dramatically. The underlying driver of the declines in many cases will come as no surprise: higher levels of government spending."